this index market cap for crypto is an enormous signal for the underlying networks and exchanges that coin resides in. eliminating the picture for two possibilities, btc.d and btcusdt are set to rise together, meaning bitcoin will gain on alts as the price of btcusd goes up, or alts will lose as the enitre crypto space looses. this could be bullish for btcusd because it challenges availablle currency; liquidity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.